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Anjouan as an alternative to the Curacao iGaming license
Wednesday, 19 July 2023
Securing a reputable license is a crucial step in the process of starting an iGaming company, as it ensures compliance, player protection, and market credibility.
While the Curacao iGaming license has long been a popular choice for many operators, the Anjouan license is rapidly emerging as the optimum alternative. In this article, we will explore the key reasons why the Anjouan license outshines its Curacao counterpart.
What happened in Curacao?
The Curacao iGaming license has lost some of its attractiveness for operators due to recent changes in the law. The once-popular licensing option has faced criticism for lax oversight and regulatory loopholes, leading to concerns about player protection and platform integrity. This led to a government overhaul of the licensing regime and a number of changes that drove some operators away.
Additionally, the increased complexity of the licensing process and rising costs have deterred many operators from choosing Curacao as their jurisdiction. As a result, operators are seeking more reliable and transparent alternatives to ensure compliance, credibility, and sustainable growth in the competitive iGaming industry.
Stricter Regulations and Oversight
One of the main concerns for online gaming operators is ensuring a transparent and secure platform for players. The Anjouan license provides peace of mind with its stringent regulatory framework and thorough oversight. The Comoros' government, which administers the licensing process, has made significant efforts to strengthen its regulations and combat illegal activities within the industry. This commitment to maintaining the integrity of iGaming operations has resulted in increased player trust and confidence in operators holding the Anjouan license.
Furthermore, when you parter with Fast Offshore to get your license, you can be assured that we work to the highest professional standard, ensuring compliance and full legality every step of the way.
Lower Licensing Costs
Compared to the Curacao iGaming license, obtaining an Anjouan license is often a more cost-effective option. The licensing fees and associated expenses are notably lower, making it an attractive choice for startups and small to medium-sized operators with limited budgets. The reduced financial burden allows entrepreneurs to allocate more resources to marketing efforts, platform development, and customer acquisition, ultimately leading to greater chances of success in the competitive iGaming market.
Faster Licensing Process
Time is of the essence in the fast-paced iGaming industry, and waiting for months to secure a license can hinder a company's growth prospects. The Anjouan license stands out for its quicker licensing process, allowing operators to launch their platforms sooner and capitalize on market opportunities without unnecessary delays. The streamlined procedure doesn't compromise on due diligence, ensuring that licensed operators meet the necessary criteria to operate ethically and responsibly.
Enhanced Player Protection
A reputable iGaming license not only benefits operators but also safeguards the interests of players. The Anjouan license includes robust player protection measures, ensuring fair gaming practices and responsible gambling. Operators must adhere to strict guidelines concerning data security, privacy, and the prevention of underage gambling, reinforcing a safe and secure gaming environment for players.
Global Legitimacy and Acceptance
While the Curacao iGaming license is widely recognized, it has faced criticism due to some instances of lax oversight and regulatory loopholes. Conversely, the Anjouan license is rapidly gaining global legitimacy as it continually strengthens its regulatory framework. The Comoros' commitment to transparency and accountability has resulted in increased acceptance of the Anjouan license by international players, payment providers, and other stakeholders within the industry.
Uncomplicated Tax Structure
Taxation is a critical consideration for any business, and the Anjouan license offers a straightforward and competitive tax structure. Operators holding this license can benefit from reasonable tax rates, providing an added incentive for businesses to operate under its jurisdiction. This financial advantage can significantly impact the bottom line, leading to higher profitability for iGaming operators.
As the iGaming industry continues to evolve, the importance of securing a reputable license cannot be overstated. While the Curacao iGaming license has been a popular choice for many operators, the Anjouan license has emerged as the optimum alternative due to its lower costs, faster licensing process, enhanced player protection, global legitimacy, and uncomplicated tax structure. While you may not have previously heard of it, the Anjouan license is fast becoming one of the most popular for startups and established companies alike.
To find out more information about the Anjouan license, Curacao, or any other jurisdiction, contact Fast Offshore. We have worked in iGaming for over 26 years and have unsurpassed knowledge of the industry. Our team are ready to guide you through the entire set-up and licensing process, as well as managing all ongoing matters. Contact us today!